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Bitcoin prices surged to new highs Monday following Tesla’s announcement, reaching a price of at least $44,200. Tesla shares were up more than 2.5 percent in premarket trading.
Tesla’s original investment of 43,200 BTC would be worth about $4.5 billion today. Nonetheless, Tesla’s remaining holdings—less than 10,000 BTC—makes it the sixth-biggest owner of Bitcoin ...
Tesla originally invested $1.5 billion in bitcoin in January 2021, when the token was trading in the $30,000 to $40,000 range, compared with about $105,000 now.
Its original investment of 43,200 BTC would have been worth over $3 billion when Bitcoin hit a recent high of $73,750. The fate of Tesla’s remaining holdings is still unclear.
Elon Musk bought $1.5 billion worth of the cryptocurrency in 2021 using the electric car maker’s cash reserves
Tesla shares are higher today, but the stock is down 9% so far this year. Bitcoin is also trading higher today, but it too is down 8% thus far, in 2022. Pras Subramanian is a reporter for Yahoo ...
The announcements, buried deep in Tesla's 2020 annual report, drove a roughly 20% surge in the world's most widely held cryptocurrency to over $47,000. At current prices, 0.8 bitcoins would be ...
Tesla announced in an SEC filing this morning that it will begin accepting Bitcoin as a form of payment "in the near future." According to the filing, Tesla's new policy was adopted to "provide us ...